Albany, NY -- (SBWIRE) -- 12/31/2018 -- The demand within the global market for stretch films has been rising on account of key advancements in the global packaging industry. The need to have shock-resistant packaging has compelled the packaging units to deploy advanced technologies. Stretch films, also known as wrap films, are made up of elastic materials and are capable of being stretched at length. For this reason, these films are wrapped around packaging boxes and carts to ensure safe and sound delivery of enclosed goods. The global market for stretch films has been expanding at a robust rate on account of the need to transport tons of materials across long distances.
Stretch films can help in stacking a number of cartons together which also helps in categorizing the various lots of goods. The stakeholders in the global market for stretch films have made constant efforts to substantiate the growth of the market vendors. A report added by Research Moz (Rmoz) on the global market for stretch films is an all-inclusive account of the various forces that have housed across this market. The reason report titled "Stretch Films Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028" also encapsulates a regional analysis of the market.
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The demand for consumer goods has been rising at an astral rate, and this factor has also propelled demand within the global stretch films market in recent times. Furthermore, the need to protect delicate and fragile goods or items has also necessitated the use of stretch films in recent times. Hence, as the packaging industry shows a level of discreetness and responsibility towards safe-packaging, the market for stretch films is projected to expand. The packaging of meat, poultry, and dairy products also involves the use of stretch films, and this factor has created commendable growth opportunities within the global stretch films market. The food and beverages industry has assimilated new packaging methods to ensure that the shelf life of packaged food products increases. For this reasons, the demand for stretch films that flows in from the food and beverages industry is also expected to increase in the years to come.
On the basis of geography, the demand within the market for stretch films in Asia Pacific has been escalating on account of the need to transport goods across log distances in India and China. Furthermore, use of stretch films to package meat and poultry products in these countries has also propelled regional market demand. Other regional markets in the global stretch films market are North America and Europe.
Some of the key vendors in the global market for stretch films are Berry Global Group, Inc Smurfit Kappa Group, AEP Industries Inc., and Scientex Berhad.
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